An anonymous director reports

EMPIRE COMPANY REPORTS VOTING RESULTS

Empire Company Ltd. has released the voting results for the election of its directors at its annual general meeting held today.

There were 98,138,079 Class B shares (100 per cent of outstanding Class B shares) represented by proxy at the meeting; 100 per cent of the Class B shares were voted in favour of each director nominee and no Class B shares were withheld from voting on any nominee.

In addition to the election of directors, the Class B shareholders also voted on fixing the maximum number of directors at 18, on the remuneration of directors and on the appointment of PricewaterhouseCoopers LLP as the auditor for fiscal 2024, and to authorize the board of directors to fix the auditor's remuneration. One hundred per cent of the Class B shares represented at the meeting were voted in favour of these motions.

The advisory resolution on the company's approach to executive compensation was voted on by both non-voting Class A and Class B shareholders. There were 116,578,579 non-voting Class A shares (76.35 per cent of the non-voting Class A shares outstanding) represented by proxy at the meeting, 95.95 per cent of which were voted in favour of the motion. One hundred per cent of the Class B shares represented at the meeting were voted in favour of the advisory resolution.

About Empire Company Ltd.

Empire is a Canadian company headquartered in Stellarton, N.S. Empire's key businesses are food retailing, through wholly owned subsidiary, Sobeys Inc., and related real estate. With approximately $31.5-billion in annualized sales and $16.5-billion in assets, Empire, its subsidiaries, its franchisees and its affiliates employ approximately 131,000 people.

Additional financial information relating to Empire, including the company's annual information form, can be found on the company's website or on SEDAR+.